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1HR chart

Gold has rallied out from a sideways channel and has claimed the volume cluster area.

Prior gold analysis

From here, there could well be a possibility of a day trade into the closing, but it will take time to develop.

If gold prices break the current resistance with an adequate pull back, the fade could offer an opportunity to buy into the bullish trend, in an exact same strategy as what the following provided:

  • Gold Price Analysis: XAU/USD bulls step back in at a discount, targeting continuation to $1,965